Vietnamese automaker VinFast to invest Rp4 trillion in Subang, West Java, aiming for 50,000 EVs annually.
JAKARTA, Indonesia — Vietnamese electric vehicle (EV) manufacturer VinFast has announced plans to construct a state-of-the-art EV assembly plant in Subang, West Java, with an investment of approximately Rp4 trillion (US$237 million).
The facility, spanning 120 hectares, is projected to produce 50,000 vehicles annually. Construction is slated to commence shortly after Ramadan, with completion targeted within the year and production expected to begin by September. The plant will manufacture various vehicle models, priced between Rp200 million (US$12,000) and Rp600 million (US$35,000).
Minister of Investment and Downstreaming, Rosan Roeslani, highlighted the government’s commitment to facilitating and expediting the project’s development to ensure immediate benefits for the local community.
In addition to the manufacturing facility, VinFast has unveiled plans to establish up to 100,000 EV charging stations across Indonesia, reinforcing the nation’s EV infrastructure and supporting the burgeoning demand for sustainable transportation solutions.
Furthermore, VinFast is exploring investments in Indonesia’s renewable energy sector, including solar power plants in West Nusa Tenggara and wind power plants in Sulawesi, underscoring the company’s commitment to sustainable development.
This strategic investment aligns with Indonesia’s aspirations to become a regional EV manufacturing hub, leveraging its abundant nickel reserves essential for EV batteries. The collaboration between VinFast and the Indonesian government signifies a robust partnership aimed at fostering economic growth, technological advancement, and environmental sustainability.
Source: ANTARA / Ministry of Investment and Downstreaming, Indonesia
